Altria Group (MO)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 8,130,000 | 8,760,000 | 6,818,000 | 5,592,000 | 5,764,000 | 4,698,000 | 1,752,000 | 3,010,000 | 2,475,000 | 2,775,000 | 4,545,000 | 4,339,000 | 4,467,000 | 734,000 | -914,000 | -861,000 | -1,293,000 | 1,766,000 | 6,309,000 | 6,189,000 |
| Revenue (ttm) | US$ in thousands | 23,494,000 | 23,635,000 | 23,905,000 | 23,917,000 | 24,038,000 | 24,115,000 | 24,356,000 | 24,734,000 | 24,202,000 | 24,544,000 | 24,837,000 | 24,255,000 | 25,260,000 | 24,963,000 | 24,713,000 | 24,961,000 | 24,121,000 | 24,228,000 | 24,343,000 | 24,163,000 |
| Net profit margin | 34.60% | 37.06% | 28.52% | 23.38% | 23.98% | 19.48% | 7.19% | 12.17% | 10.23% | 11.31% | 18.30% | 17.89% | 17.68% | 2.94% | -3.70% | -3.45% | -5.36% | 7.29% | 25.92% | 25.61% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $8,130,000K ÷ $23,494,000K
= 34.60%
Altria Group Inc.'s net profit margin has displayed varying trends over the past eight quarters. The company's net profit margin has shown an upward trajectory from Q2 2022 to Q3 2023, reaching a high of 35.52%. This indicates that for every dollar of sales, the company retained 35.52 cents as net profit during this period, reflecting effective cost management and revenue generation.
However, there was a slight dip in Q4 2023 to 33.14%, although still at a relatively strong level. The company experienced a significant decline in net profit margin from Q2 2022 to Q1 2022, dropping from 6.83% to 11.59%. This could be attributed to various factors such as increased expenses or reduced revenues during that period.
Overall, Altria Group Inc.'s net profit margin has demonstrated resilience, maintaining above-average levels compared to previous quarters. It indicates the company's ability to efficiently translate its revenues into profits, which is essential for sustainable growth and shareholder value.
Peer comparison
Dec 31, 2023